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28 Nov 2014 | 04:55 UTC — London
On October 1, 2014 and following a proposal note on the same subject published in June, Platts launched a Cash BFOE assessment to reflect four forward Brent monthly contracts ahead of the month of publication (M+4). The instrument complements Platts existing Cash BFOE assessments, which used to reflect one, two and three months ahead of the month of publication. Platts also launched an Exchange of Futures for Physical (EFP) assessment to reflect the EFP for M+4 Brent. The new assessments are published alongside Platts existing Cash BFOE and EFP assessments in Platts Crude Oil Marketwire, Platts Oil Price Report and on Platts Global Alert pages 1210 and 1212. Platts will publish bids, offers and expressions of interest to trade M+04 Cash BFOE through its MOC assessment process. Please send comments or questions to europe_crude@platts.com and pricegroup@platts.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.